Global Fashion Supplier Completes Financial Consolidation and Business Intelligence on a Single Platform from BOARD International

BOARD International, a global leader in Business Intelligence, Performance Management and Analytics, today announced that its customer Riri Group, a leading supplier of zippers and buttons to the international fashion and accessories market, has completed deployment of the BOARD platform to accomplish complex financial consolidation and operational BI reporting on a single enterprise-wide software platform. 



“BOARD has enabled us to easily manage a complex consolidation process, reducing drastically the time previously required, while improving overall corporate governance and minimizing risks,” said Cinzia Vernillo, Group Finance and Accounting Manager for Riri, which is based in Mendrisio, Switzerland.   



As an international supplier to major fashion and accessories houses, Riri needs to consolidate revenues in four currencies and analyze separately the results of its two principal product lines, buttons and zippers.  The company also needed a solution that could reliably facilitate the regulatory reporting change from Swiss C.O. to Swiss GAAP FER.  



“The BOARD solution has allowed us to successfully accomplish this very delicate transition in the best possible way,” said Vernillo.  “Having already chosen the BOARD platform for operational analytics and reporting, we were delighted at its ability to handle complex financial consolidations as well.”



The Riri Group deployment is an extension of BOARD International’s presence in the global fashion retail market, with customer brands that include Desigual, Puma, Harvey Nichols, Bata and many others. 

BOARD is sponsoring a worldwide series of Fashion Retail Planning seminars this summer, with upcoming segments in Sydney, Miami, Los Angeles, London, Paris Dubai and Mumbai.